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Middlesex
23 Merrimack Terrace
$185,900
● House - Off Market

23 Merrimack Terrace

Dracut, MA 01826
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,170 Ft²
$362,387
RealtyHop Estimate
94.94%
Since Jan 1, 2014
National-US
Primary Model

About This Property

6-room, 4-bedroom 1 ½ bath Ranch on over 18,000 square feet of land on a dead end street.  Close to highways.  Home needs TLC.  2-car garage is equipped with ample electric and would make a great tradesman workshop.  Estate Sale – subject to Seller obtaining a license to sell.
Unit Size
1,170 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$159
Property Type
House
Property Taxes
$286
HOA Dues
-
Year Built
1971

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 6 months ago (MLSPIN #71599326)

Price History

Date / Event Date Event Price
Aug 14, 2023 Sold
Premium
Sold
Dec 13, 2013 Sold
Premium
Sold
Oct 21, 2013 Listed by Dick Lepine Real Estate, Inc. $185,900
Listed by Dick Lepine Real Estate, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,170
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,431
  • Total Building Area: 1,170
  • Gross Building Area: 2,620
  • Building Area: 1,170
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 1,170
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000423
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Dracut School District
  • School Tax School District: DRACUT SD
  • Census Tract: 314301

Zoning

  • Zoning: R1

Geography

  • Account Number: 272800
  • District: 79
  • Parcel: DRAC M:71 L:32
  • Lot: 32
  • Municipality: DRACUT
  • Latitude: 42.6567
  • Longitude: -71.2799

    Address

  • Full Address: 23 Merrimack Ter
  • Address - House Number: 23
  • Address - Street Name: Merrimack
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Dracut
  • Carrier Code: C004
  • 4-Digit Zip Code: 5703
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $483,300

    Appraisal Valuation

  • Standard Deviation: 0.1912
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 74
  • Final Value: 468,523
  • High Value: 558,111
  • Low Value: 378,935

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $462,500
  • Assessed Land Value: $213,700
  • Assessed Improvements Value: $248,800

    Sales

  • Current Sale Contract Date: Aug 14, 2023
  • Current Sale Recording Date: Aug 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 23629
  • Previous Sale Recording Date: Dec 13, 2013
  • Previous Sale Amount: $185,900
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Middlesex

Stats & Trends

Median Asking:

$824,000

Sale Price/ft²

$439

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2697 ft²

Average Home Age

65.4 years

Currently For Sale

3026 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71599326

Frequently Asked Questions

When was property at 23 Merrimack Terrace built and last sold?
The property at 23 Merrimack Terrace was built in 1971 and last sold on Aug 14, 2023 for $375,000.
How much is this home worth?
The estimated value of the home located at 23 Merrimack Terrace is $204,511.
What are some comparable homes to 23 Merrimack Terrace?
There are currently no comparable homes to 23 Merrimack Terrace.
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